Due to the ever-changing nature of VAT, and your need to have access to the most up-to-date information, this vital VAT guide covers all recent changes. It offers a complete picture of VAT. Updates include in-depth coverage of the UK and EU legislation, HMRC material, case law, tribunal decisions and the provisions of the Finance Act 2018.

New for this edition: Making Tax Digital – businesses will have to submit VAT information to HMRC on a regular basis with effect from April 2019. The precise details of the information required, and the method of submission is covered in secondary legislation which is referred to in this edition.

The same applies to new legislation regarding the registration of UK fulfilment houses with effect from 1 April 2019 the additional records to be kept, and the due diligence checks required to be made, by third country goods fulfilment houses. The secondary legislation is referred to in this edition.

New rules regarding the disclosure of indirect tax avoidance schemes (DASVOIT) came into effect on 1 January 2018. Secondary legislation been passed and is included in The Indirect Taxes (Disclosure of Avoidance Schemes) Regulations 2017, SI 2017/1215 and The Indirect Taxes (Notifiable Arrangements) Regulations 2017, SI 2017/1216.

The making of operators of online marketplaces jointly and severally liable for the debts of an overseas online trader is already covered in the annual; however, this liability has been extended to all traders with effect from 15 March 2018.

In addition to the above, there is likely to be:

anti-fraud legislation affecting the construction industry;

changes to VAT grouping;

changes to the treatment of face value vouchers; and

the introduction of a “split payment” system for VAT accounting.

Why buy the book this year?

It is now less than a year until the introduction of Making Tax Digital for VAT. There were two Finance Acts in 2017, and a further Finance Act which received Royal Assent in March 2018. All three contain legislation which is of significance to VAT. For the most part the provisions come into force in 2018 and 2019, and will be accompanied by additional secondary legislation which is covered in the annual. The VAT world is in a state of considerable flux at present, and it is vital for businesses and advisers to stay abreast of developments.